Bond Nippon Central Expressway 0% ( XS2068969141 ) in USD

Issuer	Nippon Central Expressway
Market price	100 % ⇌
Country	Japan
ISIN code	XS2068969141 ( in USD )
Interest rate	0%
Maturity	30/10/2024 - Bond has expired
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Minimal amount	200 000 USD
Total amount	100 000 000 USD
Detailed description	Central Nippon Expressway Company Limited (NEXCO Central) is a Japanese expressway company responsible for the operation and maintenance of a major network of expressways in central Honshu, including sections of the Ch?? Expressway, the Meishin Expressway, and the T?mei Expressway. An informative review of the bond market reveals the recent maturity and full redemption of the Central Nippon Expressway USD-denominated bond, identifiable by its ISIN XS2068969141. Central Nippon Expressway, the esteemed issuer, is a pivotal public infrastructure company in Japan, primarily responsible for the development, maintenance, and operation of expressways across the central region of the country. This entity plays a crucial role in supporting Japan's economic activity and regional connectivity through its extensive network of high-speed roadways. The bond, which concluded its term on October 30, 2024, was a zero-coupon instrument, characterized by a 0% interest rate, implying it was initially issued at a discount and subsequently redeemed at 100% of its face value upon maturity. This specific issuance represented a total volume of $100,000,000, with a minimum purchase size set at $200,000. As of its maturity date, the bond was successfully redeemed, indicating that all principal obligations were met and returned to bondholders, confirming the successful conclusion of this particular financial instrument's lifecycle.